SEARAINBOW HOLDING CORP.

1-1 2-3 3-6 6-8 8-8 8-10 10-31 1 10-17 2 17-19 3 19-19 4 19-27 5 27-27 6 28-29 29-30 30-31 31-78 1 31-32 2 33-44 3 45-79 79-79

1 SEARAINBOW HOLDING CORP. 2 3 0898-68510496 0898-68510669 haihong@citas.com 4 570105 http://www.searainbow.com haihong citas.com 5 http://www.cninfo.com.cn 6 000503 7 1991 9 14 4600001002974 460100201280854 1

1 104,490,562.18 86,849,642.46 54,841,042.84 174,744,805.66 3,879,310.94 73,679,471.55 26,579,060.78 4,607,015.94-374,986.09 217,840,644.64 496,519,650.19 32,008,599.62 27,773,950.86 2,618.91 4,607,015.94 176,111.89-551,097.98 32,008,599.62 2 2003 2002 2001 390,043,997.22 342,121,188.73 339,651,353.37 86,849,642.46 93,877,944.37 92,656,062.33 1,539,913,194.73 1,026,024,020.97 936,814,567.80 1,040,388,128.24 532,133,587.57 438,225,631.25 ( / ) 0.2319 0.2743 0.2707 0.1464 0.2482 0.2115 2

( / ) 2.7780 1.5546 1.2803 ( / ) 2.7435 1.5466 1.2466 / 0.5817 0.1461 0.0031 % 8.3478 17.64 21.14 16.7961 19.5809 0.4666 0.4769 7.0819 8.2561 0.1967 0.2011 8.3478 9.7318 0.2319 0.2370 5.2712 6.1452 0.1464 0.1497 3 342,287,194 45,110,256.67 21,337,861.72 9,287,859.43 112,486,941.87-88,666.69 532,133,587.57 32,222,058 390,399,764.83 9,671,189.07 3,223,729.69 77,178,453.39-1,216,924.62 508,254,540.67 374,509,252 435,510,021.50 42,009,050.79 12,511,589.12 189,665,395.26-1,305,591.31 1,040,388,128.24 1 + - 1 149,432,611-6,188,000-6,188,000 143,244,611 149,432,611-6,188,000-6,188,000 143,244,611 3

2 74,195,410 +6,188,000 +6,188,000 80,383,410 +6,188,000 +6,188,000 6,188,000 3 4 0 +13,549 +13,549 13,549 223 628 021 +13,549 +13,549 223 641 570 1 118 659 173 +32,222,058-13,549 +32,208,509 150 867 682 2 3 4 118 659 173 +32,222,058-13,549 +32,208,509 150 867 682 342,287,194 32,222,058 0 32,222,058 374,509,252 A 32,222,058 2 2003 3 14 4000 A 2003 3 19 13.60 32,222,058 2003 4 3 1 39117 2 % 1 102,617,700 27.40 2 15,492,440 4.14 3 15,200,000 4.06 4 10,354,020 2.76 5 8,415,923 2.25 6 7,990,000 2.13 4

7 6,260,000 1.67 8 6,188,000 1.65 9 4,371,253 1.17 10 4,000,000 1.07 : 102,615,050 15,492,440 15,200,000 3,989,258 3 1995 1 1993 3063 4 10 1 1,409,813 2 1,155,576 3 1,077,200 4 1,006,793 5

5 1,000,000 6 803,295 7 799,909 8 720,000 9 700,000 10 690,000 1 A 2 1 57 2001.7.9-2004.7.8 48 2001.7.9-2004.7.8 47 2001.7.9-2004.7.8 48 2001.7.9-2004.7.8 50 2001.7.9-2004.7.8 34 2001.7.9-2004.7.8 55 2001.12.30-2004.7.8 44 2003.6.30-2004.7.8 32 2003.6.30-2004.7.8 36 2001.7.9-2004.7.8 40 2001.7.9-2004.7.8 51 2001.7.9-2004.7.8 6

39 2001.7.9-2004.7.8 30 2001.7.9-2004.7.8 32 2001.7.9-2004.7.8 2003 4 1 2006 3 31 2003 4 1 2006 3 31 2 2002 9 13 8 12 : 3.6 4.8 36 30 24 18 138 78 91.2 3.6-4.8 12 18-39.6 3 3 2003 4 25 4 2003 8 21 7

5 6 15 2 12 9 7 28 136 17 180 81 184 157 73 414 212 241 382 73 380 570 523 195 1288 577 38 10 8 5 150 30 60 698 788 794 415 415 276 466 152 796 749 973 2518 2001 9 3 5% 2003 4 18 2002 84,965,886.76 30 110 455 652.79 2003 86,849,642.46 8

2002 2003 3 17 9 174,743,113 51.05% 1 2002 2 2002 3 2002 4 2002 5 2002 6 7 8 2003 3 18 2003 2003 6 30 6 148,979,455 39.78% 1 2 3 9

2003 7 1 2003 2003 9 26 8 132,710,887 35.44% 1 2 2003 9 27 ( ) 2003 2003 12 16 7 133,425,499 35.63% 2003 12 17 -- 10

A 4.2 86,849,642.46 39004.40 14.01% 59.94% 14591.75 7.22% 11736.69 7367.95 27 2003 ( ) 145,917,528.38 36,345,816.01 117,366,868.58 64,762,281.63 123,252,154.72-12,983,834.46 11

1 27 102 3768 152.97 2002 24.93% 63.04 2002 62.06% 27 16 25 16.44 2003 111 848 1025 2 2003 12

3 2003 V3.0 V3.0 HIS www.ourgame.com 30 A3 www.a3.com.cn A3 2003 3D 2004 3 www.cis.com.cn 13

1 B2B 253 2 60 GICQ 3 2003 Actoz 2003 7 14

16 A3 Actoz A3 FULL 3D MMORPG "A3-Art Alive Attract" " " 3 2004 1 6 2004 3 3 15 400 2000 1 100D 9693 9% 99.08%, 1.33% 91.51%, 6.05% 2 10 65% 15

3 1 1 8624 160,717,134.29 4,793,025.64 2 7742 96,630,100.43 7,381,130.73 3 250 131,870,680.73 44,410,554.94 4 10000 183,812,072.77 29,802,155.21 5 16

26,337 270,622,246.48-1042 2 104,753,462.47 95.99% 93,508,283.14 23.97% 1 2003 3 14 4000 A 2003 3 29 A 32,222,058 2003 4 3 438,219,988.80 420,727,383.59 (%) 24,567,795.96 20,000,000.P00 44,567,795.96 74,500,000.00 29,932,204.04 32.98-10,420,821.78 148,890,000.00 23,190,436.00 2,137,670.96 32,506,000.00 206,724,106.96 346,230,000.00 139,505,893.04 59.71 12,167,208.75 24,567,795.96 148,890,000.00 23,190,436.00 2,137,670.96 52,506,000.00 251,291,902.92 420,730,000.00 169,438,097.08-1,746,386.97 2 1 2003 9 26 36,750 2003 9 27 17

2 2003 12 16 7125 4998 6600 2003 12 17 3 4 21 6122 ACTOZ 220 A3 2004 1 6 2004 3 3 18

190 ACTOZ 1 2003 2002 1,539,913,194.73 1,026,024,020.97 513,889,173.76 1,040,388,128.24 532,133,587.57 508,254,540.67 174,744,805.66 197,526,240.52-22,781,434.86 86,849,642.46 93,877,944.37-7,028,301.91 496,519,650.19-19,870,511.67 516,390,161.86 2 1 A 2 3 A ( ) 1 (1) OO 2003 2 10 9 9 5 2002 2002 2002 19

2002 2002 (2) OO 2003 3 7 9 9 5 5000 3 OO 2003 3 18 9 9 5 500 4 OO 2003 4 1 9 9 5 5000 20

5 OO 2003 4 18 9 9 5 2003 2003 6 OO 2003 5 28 8 8 5 7 OO 2003 6 12 8 8 5 1800 90% 2500 8 OO 2003 6 18 8 8 5 21

60% 1 60% 2 30 60% 9800 9 OO 2003 6 25 8 8 5 3000 10 OO 2003 6 27 8 8 5 4000 11 OO 2003 7 2 9 9 5 22

60% 1 60% 2 30 60% 5800 12 OO 2003 7 3 9 9 5 4000 13 OO 2003 7 31 9 9 5 2002 8 8 3000 3071 3000 14 OO 2003 8 18 9 9 5 23

3000 3071 3000 15 OO 2003 8 23 9 9 5 2003 16 OO 2003 9 2 9 9 5 17 OO 2003 9 12 9 9 5 1000 18 OO 24

2003 9 22 9 9 5 7000 3 462 3500 19 OO 2003 9 26 9 9 5 1000 20 OO 2003 10 10 9 9 5 5000 21 OO 2003 10 23 9 9 25

5 22 OO 2003 11 4 9 9 5 2500 3000 4051 3071 980 1120 8 2300 1000 450 3 3500 462 23 OO 2003 11 5 9 9 5 5401 7561.4 24 OO 2003 11 12 26

9 9 2 1 2000 2001 7 20 5,438,794.80 83 81.07 2 2001 5 11 4000 A A 2002 5 10 2003 5 11 2003 3 14 4000 A 2003 3 29 A 32,222,058 2003 4 3 438,219,988.80 420,727,383.59 (3) 2001 11 28 48.75 2003 2003 86,849,642.46 2004 2003 10 1 10 3 10 7 2003 27

1 2 [2004]6 130 ( ) ( ) ( ) ( )2003 12 31 2003 2003 ( (2004)6--016 ) (2003)56 2003 ( ) 2003 12 31 51.9 519,670.71 477,991.66-41,679.05 519,670.71 477,991.66 0.00 41,679.05 28

3 2003 : 2003 2003 1 2002 2003 2 10 5 5 (1) 2002 (2) 2002 2 2003 2003 11 12 5 5 3 29

( ) 2003 2003 1 2 3 2003 A 99% 2003 11 6 6381 5401 12.82% 980 2.33% 24,222,545.00 27.89% 30

5500 5 2001 5 11 12 60 2003 7 2 7 21 7 31 2003 9 6 2003 6 30 9 26 7 1 9 27 [2004]6 016 ( ) ( )2003 31

12 31 2003 2003 2003 12 31 2003 32

: 2003 12 31 2002 12 31 2003 12 31 2002 12 31 5.1 564,825,726.16 68,306,075.97 176,161,824.82 22,248,154.90 5.2 1,000,000.00 500,000.00 1,000,000.00 500,000.00 5.3 14,206,211.86 10,618,759.75 2,886,842.40 5,101,751.96 5.4 141,629,648.42 119,700,437.28 199,415,684.41 172,098,670.99 5.5 129,312,991.63 176,776,384.49 46,018.30 127,797,834.27 5.6 50,353,306.96 44,251,742.42 861,120.86 610,151.95 5.7 1,699,694.06 616,484.05 126,289.71 18,190.10 903,027,579.09 420,769,883.96 380,497,780.50 328,374,754.17 5.8 141,917,794.94 282,543,121.36 1,030,262,731.46 763,214,025.33 141,917,794.94 282,543,121.36 1,030,262,731.46 763,214,025.33 5.8 816,933.68 293,721.83 5.9.1 573,512,452.89 547,251,156.43 19,449,399.14 20,158,277.19 5.9.2 273,937,850.05 255,520,748.59 5,786,962.73 5,859,212.05 5.9.3 299,574,602.84 291,730,407.84 13,662,436.41 14,299,065.14 5.9.4 100,888,763.40 101,009,307.14 8,231,515.80 8,352,059.54 198,685,839.44 190,721,100.70 5,430,920.61 5,947,005.60 5.10 18,140,319.07 45,274,847.58 9,727,184.00 38,153,708.50 216,826,158.51 235,995,948.28 15,158,104.61 44,100,714.10 5.11 270,735,526.34 81,012,795.05 1,891,666.67 1,000,000.00 5.12 7,406,135.85 5,702,272.32 278,141,662.19 86,715,067.37 1,891,666.67 1,000,000.00 1,539,913,194.73 1,026,024,020.97 1,427,810,283.24 1,136,689,493.60 33

: : 2003 12 31 2002 12 31 2003 12 31 2002 12 31 5.13 105,000,000.00 172,552,515.00 50,000,000.00 162,552,515.00 5.14 5,051,576.15 10,839,556.50 1,510,842.25 2,128,948.29 5.15 7,618,898.97 8,167,644.57 1,115.40 1,225.40 5.16 976,820.58 479,617.47 4,752,870.94 3,233,531.25-1,903,841.02-1,952,786.36 5.17 1,256,245.82 1,470,045.82 1,256,245.82 1,470,045.82 5.18 11,912,122.14 20,911,530.63-1,159,123.20-1,008,987.33 5.19 865,529.90 1,172,241.19 99.72 397.86 5.20 42,209,465.40 15,101,732.40 92,664,036.32 220,287,566.74 5.21 8,739,673.70 33,466,336.76 5,758,137.06 30,610,413.92 188,383,203.60 267,394,751.59 148,127,512.35 414,089,339.34 : 5.22 260,364,100.00 190,377,900.00 260,364,100.00 190,377,900.00 33,834.00 260,364,100.00 190,411,734.00 260,364,100.00 190,377,900.00 : 448,747,303.60 457,806,485.59 408,491,612.35 604,467,239.34 50,777,762.89 36,083,947.81 : 5.23 374,509,252.00 342,287,194.00 374,509,252.00 342,287,194.00 : 374,509,252.00 342,287,194.00 374,509,252.00 342,287,194.00 5.24 435,510,021.50 45,110,256.67 435,510,021.50 45,110,256.67 5.25 42,009,050.79 32,337,861.72 42,009,050.79 32,337,861.72 : 5.25 12,511,589.12 9,287,859.43 12,511,589.12 9,287,859.43-1,305,591.31-88,666.69 5.26 189,665,395.26 112,486,941.87 167,290,346.60 112,486,941.87 37,450,925.20 37,450,925.20 1,040,388,128.24 532,133,587.57 1,019,318,670.89 532,222,254.26 1,539,913,194.73 1,026,024,020.97 1,427,810,283.24 1,136,689,493.60 34

2003 2003 2002 2002 ( - ) 5.27 390,043,997.22 342,121,188.73 3,507,445.54 7,045,508.09 : 5.27 201,317,916.73 133,405,301.26 3,593,967.43 6,134,164.71 5.28 13,981,274.83 11,189,646.95 18,106.35 22,525.53 ( - ) 174,744,805.66 197,526,240.52-104,628.24 888,817.85 : ( - ) 5.29 3,879,310.94 9,778,848.16-2,481.56 1,798.64 : 6,591,235.96 53,293,850.64 1,096,259.05 230,702.72 81,312,435.04 49,942,277.48 15,286,184.25 6,186,395.22 5.30 17,040,974.05 20,357,120.15 15,842,896.84 16,839,331.11 ( - ) 73,679,471.55 83,711,840.41-32,332,449.94-22,365,812.56 : ( - ) 5.31 26,579,060.78 18,149,278.95 96,836,778.47 115,854,104.06 5.32 4,607,015.94 5,347,895.84 0.00 473,315.21 5.33 176,111.89 106,892.55 15,100.00 150.00 : 5.34 551,097.98 334,705.30 26,688.41 1,600.00 ( - ) 104,490,562.18 106,981,202.45 64,492,740.12 93,960,156.71 : 6,916,271.22 3,874,125.74 18,146.32 82,212.34 11,941,573.12 9,317,799.03 0.00 : 1,216,924.62 88,666.69 0.00 ( - ) 86,849,642.46 93,877,944.37 64,474,593.80 93,877,944.37 112,486,941.87 32,690,689.16 112,486,941.87 32,690,689.16 199,336,584.33 126,568,633.53 176,961,535.67 126,568,633.53 6,447,459.38 9,387,794.44 6,447,459.38 9,387,794.44 3,223,729.69 4,693,897.22 3,223,729.69 4,693,897.22 189,665,395.26 112,486,941.87 167,290,346.60 112,486,941.87 5.26 189,665,395.26 112,486,941.87 167,290,346.60 112,486,941.87 35

1. 2. 3. 4. 5. 6. 36

2003 5,016,822.36 396,038,186.24 5,413,548.10 5.35 299,618,272.21 302,011,518.58 700,673,280.81 307,425,066.68 142,759,976.32 3,994,071.81 55,874,021.92 2,670,795.90 43,233,953.95 721,822.44 5.36 240,964,683.98 300,004,821.59 482,832,636.17 307,391,511.74 217,840,644.64 33,554.94 174,058,565.46 165,417,933.43 3,750,339.09 9,261.09 17,493,224.60 17,426,524.60 195,302,129.15 182,853,719.12 240,389,640.94 127,785.00 58,824,983.46 365,499,983.46 299,214,624.40 365,627,768.46-103,912,495.25-182,774,049.34 425,421,527.33 422,491,427.33 166,000,000.00 100,000,000.00-591,421,527.33 522,491,427.33 163,552,515.00 142,552,515.00 45,278,037.41 43,284,748.01 208,830,552.41 185,837,263.01 382,590,974.92 336,654,164.32 525.88 496,519,650.19 153,913,669.92 37

1. 86,849,642.46 64,474,593.80 11,941,573.12-1,216,924.62 2,778,235.57 7,352,460.21 19,954,526.00 394,177.68 8,727,735.71 108,333.33 11,826,025.24-1,083,210.01-108,099.61 75,613.80 27,779.96 26,087.00 22,909,393.31 17,183,384.24 ( ) -26,579,060.78-96,836,778.47 ( ) ( ) -6,249,383.73-398,788.10 ( ) 74,397,268.54 139,096,075.25 ( ) 13,481,430.07-131,257,890.39 217,840,644.64 33,554.94 2. 3. 564,825,726.16 176,161,824.82 : 68,306,075.97 22,248,154.90 : : 496,519,650.19 153,913,669.92 38

1 2003 8,956,155.73 2,603,946.38 11,560,102.11 944,134.81 863,819.88 1,807,954.69 8,012,020.92 1,740,126.50 9,752,147.42 56,670.00 147,819.19 204,489.19 56,670.00 113,084.86 169,754.86 34,734.33 34,734.33 101,009,307.14 6,701,816.11 120,543.74 100,888,763.40 6,701,816.11 94,307,491.03 120,543.74 94,186,947.29 4,833,306.00 4,833,306.00 39

2 2003 : 342,287,194.00 342,287,194.00 32,222,058.00 32,222,058.00 374,509,252.00 342,287,194.00 45,110,256.67 45,110,256.67 390,399,764.83 390,269,369.33 130,395.50 435,510,021.50 45,110,256.67 23,050,002.29 13,662,207.85 6,447,459.38 9,387,794.44 6,447,459.38 9,387,794.44 6,447,459.38 9,387,794.44 29,497,461.67 23,050,002.29 25,023,178.24 18,575,718.86 4,474,283.43 4,474,283.43 9,287,859.43 4,593,962.21 3,223,729.69 4,693,897.22 3,223,729.69 4,693,897.22 40

12,511,589.12 9,287,859.43 112,486,941.87 32,690,689.16 86,849,642.46 93,877,944.37 9,671,189.07 14,081,691.66 189,665,395.26 112,486,941.87 41

3 2003 12 31 1-1 -36,309.38 2 2 28,179,941.08 561,774.88 3 4 6,080.00 994.53 5 6 28,186,021.08 562,769.41 7 3 8 20,351,333.63 511,811.56 9 10 11 12 9,183,086.88 65,758.19 13 29,534,420.51 577,569.75 4-15 -1,384,708.81-14,800.34 14 1-2 - 16 12,160,127.82 6,463.41 17 9,284,047.45 65,758.19 3 18 18,328,410.50 70,501.50 4-20 3,115,764.77 1,720.10 42

2003 : 123,252,154.72 134,384,306.88 117,366,868.58 109,460,049.58 145,917,528.38 91,231,324.18 3,507,445.54 7,045,508.09 390,043,997.22 342,121,188.73 123,252,154.72 134,384,306.88 117,366,868.58 109,460,049.58 145,917,528.38 91,231,324.18 3,507,445.54 7,045,508.09 390,043,997.22 342,121,188.73 - - 127,202,042.54 117,864,498.28 32,537,070.76 44,434.80 37,984,836.00 9,362,203.47 3,593,967.43 6,134,164.71 201,317,916.73 133,405,301.26 : 127,202,042.54 117,864,498.28 32,537,070.76 44,434.80 37,984,836.00 9,362,203.47 3,593,967.43 6,134,164.71 201,317,916.73 133,405,301.26 - - 12,425,935.94 14,888,470.29 14,666,380.20 35,442,020.40 63,514,647.08 50,003,979.57 22,375,048.66 36,712,730.49 23,258,778.01 104,944,645.05 123,593,248.27-12,983,834.46 10,597,629.70 64,762,281.63 69,089,265.84 36,345,816.01 26,393,106.39-22,375,048.66-36,819,840.29-22,368,161.52 73,679,471.55 83,711,840.41 428,335,312.53 367,182,446.88 337,787,261.81 248,755,850.61 594,321,567.58 136,760,129.63 1,423,379,851.18 909,018,197.49 1,602,848,903.99 1,182,343,791.34 1,539,913,194.73 1,026,024,020.97 95,549,734.21 115,686,652.97 52,548,731.04 36,468,788.88 220,316,886.93 69,757,431.67 457,859,086.00 371,873,627.27 538,191,037.42 607,767,239.34 448,747,303.60 457,806,485.59 43

2003 : 126,001,828.34 128,584,478.34 79,702,172.33 138,168,250.98 100,739,812.72 66,686,392.52 122,677,272.37 73,330,261.07 39,077,088.54 64,648,194.18 390,043,997.22 342,121,188.73 88,712,645.05 63,936,284.16 77,914,267.08 138,168,250.98 100,739,812.72 66,686,392.52 122,677,272.37 73,330,261.07 390,043,997.22 342,121,188.73 37,289,183.29 64,648,194.18 1,787,905.25 39,077,088.54 64,648,194.18 - - 130,796,009.96 122,609,880.93 49,474,471.11 66,055,664.24 30,463,160.16 1,667,373.93 29,661,364.04 7,720,576.34 39,077,088.54 64,648,194.18 201,317,916.73 133,405,301.26 129,008,104.71 122,609,880.93 12,185,287.82 1,407,470.06 30,463,160.16 1,667,373.93 29,661,364.04 7,720,576.34 201,317,916.73 133,405,301.26 1,787,905.25 37,289,183.29 64,648,194.18 39,077,088.54 64,648,194.18 - - 47,763,690.99 38,004,242.19 5,438,220.55 17,157,902.82 18,771,027.61 25,159,278.33 55,525,234.67 43,271,824.93 22,553,528.77 104,944,645.05 123,593,248.27-48,964,835.36-22,618,913.58 22,315,500.60 51,328,998.80 47,081,318.03 37,150,560.49 30,693,959.51 17,851,194.70-22,553,528.77 73,679,471.55 83,711,840.41 1,971,118,839.75 1,507,065,519.35 238,789,899.85 195,941,706.52 328,640,893.57 110,671,714.21 433,801,471.45 121,363,278.38 1,432,437,909.8 9 909,018,197.49 1,539,913,194.73 1,026,024,020.97 633,479,779.14 721,335,064.79 5,298,630.81 6,472,143.58 108,617,441.94 36,272,760.50 161,069,280.01 65,600,143.99 459,717,828.30 371,873,627.27 448,747,303.60 457,806,485.59 44

1 ( ) 1986 4 1991 9 1991 86 1992 11 30 000503 100,000,000.00 1994 10 1997 6 2001 12 342,287,194.00 2001 2002 [2003]21 2003 3 21 A 32,222,058 374,509,252.00 4600001002974 374,509,252.00,, 2 2.1 2.2 45

1 1 12 31 2.3 2.4 2.5 1 2.6 2.7 2.7.1 1 2 2.8.1 5% 8% 15% 30% 2.7.2 2.8 46

2.8.2 2.8.3 2.9 2.10 2.10.1 2.10.2, 20% 20% 20% 20% 20% 20% 50% 50% 10 2.10.3 47

2.11 2.11.1 1 2 3 5% 2.11.2 1 2 3 4 5 2.12 2.12.1 2.12.2 : 1 3 2 3 2.13 2.13.1 2.13.2, : 1 48

2, 3 4 2.14 2.15 2.15.1 2.15.2 2.15.3 1 2 a. b. c. 2.16 49

2.17 2.18 1995 11 2.19 3 17% 4% 5% 3% 7% 5% 1% 3% 0.2% 4% 1% 0.5% 33% 27% 15% 0.5% 0.3% 15% 50

4 4.1 263,370,000.00 263,370,000.00 99.81% 99.81% 10,000,000.00 10,000,000.00 100% 95% 5% 10,000,000.00 10,000,000.00 100% 95% 5% 25,000,000.00 25,000,000.00 100% 90% 10% 100,000,000.00 93,742,828.31 93% 93% 1,000,000.00 500,000.00 50% 50% 15,000,000.00 10,000,000.00 66.67% 66.67% 2,500,000.00 2,000,000.00 79% 79% 1,100,000.00 ; 1,100,000.00 100% 80% ; 20% 15,000,000.00 15,000,000.00 100% 99% 1% 15,000,000.00 15,000,000.00 100% 99% 1% 100.00 100.00 100% 100% 500,000.00 ; ; 500,000.00 100% 100% 86,240,000.00 86,240,000.00 100% 80% 20% 5,000,000.00 2,750,000.00 55% 55% 5,000,000.00 3,000,000.00 60% 60% 1,000,000.00 600,000.00 60% 60% 2,000,000.00 2,000,000.00 100% 80% 20% 1,000,000.00 1,000,000.00 100% 90% 10% 1,000,000.00 1,000,000.00 100% 80% 20% 1,000,000.00 1,000,000.00 100% 80% 20% 51

1,000,000.00 800,000.00 80% 80% 5,000,000.00 5,000,000.00 100% 90% 10% 77,420,000.00 77,420,000.00 100% 90% 10% 74,950,000.00 74,950,000.00 100% 90% 10% 2,000,000.00 1,800,000.00 90% 90% 1,000,000.00 1,000,000.00 100% 80% 20% 1,000,000.00 1,000,000.00 100% 80% 20% 1,000,000.00 1,000,000.00 100% 80% 20% 1,000,000.00 1,000,000.00 100% 80% 20% 1,000,000.00 1,000,000.00 100% 80% 20% 10,000,000.00 1,000,000.00 10,000,000.00 100% 80% 20% 1,000,000.00 100% 80% 20% 1,000,000.00 ; 1,000,000.00 100% 100% 20,000,000.00 20,000,000.00 100% 90% 10% 1,000,000.00 1,000,000.00 100% 80% 20% 500,000.00 500,000.00 100% 100% 3,000,000.00 ; 3,000,000.00 100% 100% 1,000,000.00 ; ; 2,000,000.00 ; 1,000,000.00 100% 80% 20% 2,000,000.00 100% 80% 20% 1,000,000.00 1,000,000.00 100% 80%, 20% 1,000,000.00 ; 1,000,000.00 100% 80% ; 20% 52

1,000,000.00 1,000,000.00 100% 100% 1,000,000.00 700,000.00 70% 70% 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 100% 100% 700,000.00 70% 70% 1,000,000.00 100% 100% 1,000,000.00 100% 70% 30% 700,000.00 70% 70% 1,000,000.00 700,000.00 70% 70% 1,000,000.00 700,000.00 70% 70% 1,420,000.00, 1,000,000.00 70.42% 70.42% ; 1,000,000.00 800,000.00 80% 80% ; 1,000,000.00 700,000.00 70% 70% 1,000,000.00 ; 1,000,000.00 100% 100% 1,100,000.00 770,000.00 70% 70% 1,000,000.00 700,000.00 70% 70% 1,000,000.00 1,000,000.00 100% 100% 1,000,000.00 700,000.00 70% 70% 1,000,000.00, 700,000.00 70% 70% 500,000.00 350,000.00 70% 70% 4.2 53

21 51% 5 5.1 2003.12.31 2002.12.31 1,218,242.21 1,243,484.63 563,468,374.50 66,926,271.01 33.65 1:8.2767 278.53 114,320.78 1:1.0657 121,831.66 139,109.45 136,320.33 564,825,726.16 68,306,075.97 5.1.1 496,519,650.19, 5.1.2 3,000 5.2 2003.12.31 2002.12.31 1,000,000.00-500,000.00-1,000,000.00-500,000.00-5.2.1 600,000.00 400,000.00 300,000.00, 400,000.00, 2004 3 4, 41,019.27 5.3 54

5.3.1 2003.12.31 2002.12.31 (%) (%) 1 7,965,049.28 49.74 398,252.46 4,343,938.00 37.57 217,196.90 1-2 114,940.50 0.72 9,195.24 6,539,768.45 56.56 523,181.48 2-3 6,531,640.26 40.79 979,746.04 3 1,402,536.51 8.75 420,760.95 679,188.11 5.87 203,756.43 16,014,166.55 100 1,807,954.69 11,562,894.56 100 944,134.81 5.3.2 7,958,798.96 49.70% 5.3.3 5% 5% 5.3.4 4,451,271.99 5.4 5.4.1 2003.12.31 2002.12.31 (%) (%) 1 124,721,606.99 82.39 6,236,080.35 94,017,225.38 73.62 4,700,861.27 1-2 15,604,054.57 10.31 1,248,324.37 30,002,588.75 23.49 2,400,207.10 2-3 6,993,983.97 4.62 1,049,097.60 1,312,271.20 1.03 196,840.68 3 4,062,150.31 2.68 1,218,645.10 2,380,372.87 1.86 714,111.87 151,381,795.84 100 9,752,147.42 127,712,458.20 100 8,012,020.92 5.4.2 41,106,858.72 1 11,000,000.00 1 9,646,400.00 1 5,050,000.00 1-2 4,800,000.00 2-3 5.4.3 71,603,258.72 47.3% 5.4.4 2004 3 31 31,106,858.72 5.4.5 5% 5% 5.5 55

5.5.1 2003.12.31 2002.12.31 (%) (%) 1 116,232,986.80 89.89 164,460,145.57 93.03 1-2 12,163,549.68 9.41 8,812,998.92 4.99 2-3 913,215.15 0.70 3,501,500.00 1.98 3 3,240.00 1,740.00 129,312,991.63 100 176,776,384.49 100 5.5.2 5% 5% 5.5.3 13,080,004.83, 2004 3 31 11,400,000.00, 5.6 2003.12.31 2002.12.31 35,923,627.55 34,734.33 11,211,512.16 25,700,000.00 8,598,707.10 169,754.86 348,819.76 56,570.00 1,104,540.40 1,603,625.39 2,078,572.28 2,269,857.21 183,260.54 505,543.08 2,631,705.83 2,669,054.82 37,382.45 50,557,796.15 204,489.19 44.308,412.42 56,670.00 5.7 2003.12.31 2002.12.31 52,564.50 65,860.27 318,070.80 247,946.13 1,272,744.06 217,728.59 56,314.70 84,949.06 1,699,694.06 616,484.05 1,083,210.01, 5.8 2003.12.31 2002.12.31 56

141,100,861.26-282,249,399.53-816,933.68-293,721.83-141,917,794.94-282,543,121.36-5.8.1 5.8.1.1 50,000-94,500.00-50,000 90,000.00 95,000 361,000.00 545,500.00 5.8.1.2 60,942,843.00 12.82% 63,534,525.00 39,000,000.00 48.75% 36,573,371.30 35,417,440.24 5,000,000.00 100% 5,000,000.00 720,000.00 7.20% 720,000.00 70,493,330.54 46% 73,358,921.79 5,100,000.00 19% 2,061,148.84 2,061,148.84 510,000.00 51% 510,000.00 400,000.00 80% 400,000.00 80,000,000.00 80,000,000.00 80,000,000.00 190,000.00 19% 176,772.18 51% 200,000.00 20% 1,000,000.00 200,000.00 80% 1,000,000.00 100% 1,000,000.00 1,000,000.00 100% 1,000,000.00 1,000,000.00 100% 1,000,000.00 2,000,000.00 100% 2,000,000.00 1,000,000.00 100% 1,000,000.00 600,000.00 60% 600,000.00 600,000.00 57

1,100,000.00 77% 1,100,000.00 1,100,000.00 3,000,000.00 100% 3,000,000.00 1,000,000.00 100% 1,000,000.00 20,000,000.00 100% 20,000,000.00 294,256,173.54 273,857,966.93 140,555,361.26 5.8.1.3 2002.12.31. 2003.12.31 10,461,243.47 10 7,845,932.60 7,845,932.60 0 10,461,243.47 7,845,932.60 7,845,932.60 0 5.8.2 5.8.3 5.9 5.9.1 2002.12.31 2003.12.31 55,290,200.42 313,054.18 55,603,254.60 435,298,560.80 6,724,300.29 923,593.00 441,099,268.09 40,156,466.76 18,915,843.48 1,458,154.11 57,614,156.13 9,644,269.12 3,210,625.10 55,145.00 12,799,749.22 6,861,659.33 53,298.94 518,933.42 6,396,024.85 547,251,156.43 29,217,121.99 2,955,825.53 573,512,452.89 5.9.2 2002.12.31 2003.12.31 13,537,333.83 1,211,305.90 14,748,639.73 218,495,309.65 9,125,709.85 877,413.35 226,743,606.15 14,918,434.57 8,386,037.92 239,563.71 23,064,908.78 3,824,071.51 989,099.38 22,057.80 4,791,113.09 4,745,599.03 242,372.95 398,389.68 4,589,582.30 255,520,748.59 19,954,526.00 1,537,424.54 273,937,850.05 5.9.3 2002.12.31 2003.12.31 291,730,407.84 299,574,602.84 58

5.9.4 2002.12.31 2003.12.31 6,701,816.11 6,701,816.11 92,657,247.60 92,657,247.60 1,344,683.59 1,344,683.59 305,559.84 120,543.74 185,016.10 101,009,307.14 120,543.74 100,888,763.40 5.10 5.10.1 2002.12.31 2003.12.31 14,560,490.00 14,560,490.00 28,426,524.50 28,426,524.50 657,425.92 2,310.00 659,735.92 6,463,713.16 756,414.60 6,683,355.79 536,771.97 5,020,924.81 5,020,924.81 1,104,876.45 1,104,876.45 2,410,357.89 782,760.00 1,627,597.89 50,108,153.58 9,294,883.75 6,683,355.79 29,746,056.47 22,973,625.07 5.10.2 2003.12.31 2002.12.31 4,833,306.00 4,833,306.00 5.11 2002.12.31 2003.12.31 24,275,925.85 22,758,680.45 379,311.36 22,379,369.09 59 4,250,372.00 3,403,581.28 329,647.32 3,073,933.96 229,470,467.00 31,000,000.00 198,450,467.00 5,485,976.99 223,964,490.01 25,328,000.00 23,850,533.32 2,532,800.04 21,317,733.28 8 4 283,324,764.85 81,012,795.05 198,450,467.00 8,727,735.71 270,735,526.34 : 59

5.12 2002.12.31 2003.12.31 10,130,552.02 2,702,605.16 2,138,862.41 9,566,809.27 563,742.75 2 3,780,809.93 2,578,238.47 2,553,364.37 3,755,935.83 24,874.10 2 5,340,055.09 418,343.26 3,889,065.40 518,853.35 1,551,499.78 3,788,555.31 3 10,400,810.99 3,085.43 9,640,823.37 6,614,945.11 7,371,847.30 3,028,963.69 29,652,228.03 5,702,272.32 13,529,888.77 11,826,025.24 22,246,092.18 7,406,135.85 : 5.13 2003.12.31 2002.12.31 111,552,515.00 50,000,000.00 51,000,000.00 55,000,000.00 10,000,000.00 105,000,000.00 172,552,515.00 1: 67,552,515.00, 2: 2,000, 2004 3 31 5.14 2003.12.31 2002.12.31 5,051,576.15 10,839,556.50 1 5% 5% 5.15 2003.12.31 2002.12.31 7,618,898.97 8,167,644.57 5% 5% 5.16 2003.12.31 2002.12.31 976,820.58 479,617.47 : 5.17 2003.12.31 2002.12.31 1,256,245.82 1,470,045.82 5.18 2003.12.31 2002.12.31 60

1,731,055.96 12,123,818.44 5,631,342.88 4,838,545.27 1,372,452.52 1,584,595.18 2,788,356.34 1,959,399.52 290,546.76 405,172.22 84,971.32 13,396.36 11,912,122.14 20,911,530.63 5.19 2003.12.31 2002.12.31 667,224.42 752,940.97 10,429.61 21,623.84 45,156.83 225,629.58 331.82 29,411.83 39,373.38 39,215.76 76,581.31 35,792.06 18,364.00 6,986.05 12,341.81 5,395.49 6,376.29 25,651.60 4,814.66 205.48 9,748.71 60.77 2,254.82 1,860.00 865,529.90 1,172,241.19 5.20 2003.12.31 2002.12.31 42,209,465.40 15,101,732.40 5% 5% 5.21 2003.12.31 2002.12.31 5,758,137.06 30,560,413.92 911,501.73 955,211.82 26,424.68 26,424.68 1,535,334.43 1,550,096.90 410,385.29 272,600.60 21,500.00 19,600.00 76,390.51 81,988.84 8,739,673.70 33,466,336.76 5.22 61

2003.12.31 2002.12.31 225,364,100.00 190,377,900.00 35,000,000.00 260,364,100.00 190,377,900.00 USD23,000,000.00 1 8.2767 190,364,100.00 5.23 + - 1149,432,611.00-6,188,000.00-6,188,000.00 143,244,611.00 149,432,611.00-6,188,000.00-6,188,000.00 143,244,611.00 2. 74,195,410.00 6,188,000.00 6,188,000.00 80,383,410.00 0 6,188,000.00 6,188,000.00 6,188,000.00 3. 4. 13,549.00 13,549.00 13,549.00 : 223,628,021.00 13,549.00 13,549.00 223,641,570.00 1. 118,659,173.00 32,222,058.00-13,549.00 32,208,509.00 150,867,682.00 2. 3. 4. 118,659,173.00 32,222,058.00-13,549.00 32,208,509.00 150,867,682.00 342,287,194.00 32,222,058.00 0 32,222,058.00 374,509,252.00 5.23.1 32,222,058.00,, (2003)6-083 5.23.2 [ 2003 86 ] 618.8 5.24 2002.12.31 2003.12.31 19,353,689.63 19,353,689.63 25,756,567.04 390,269,369.33 416,025,936.37 130,395.50 130,395.50 45,110,256.67 390,399,764.83 435,510,021.50 5.24.1 32,222,058, 62

13.60, 438,219,988.80, 17,492,605.21, 420,727,383.59 32,222,058.00, 390,269,369.33 ( 1,764,043.74 ) 5.24.2 130,395.50 5.25 2002.12.31 2003.12.31 18,575,718.86 6,447,459.38 25,023,178.24 9,287,859.43 3,223,729.69 12,511,589.12 4,474,283.43 4,474,283.43 32,337,861.72 9,671,189.07 42,009,050.79 5.26 86,849,642.46 112,486,941.87 199,336,584.33 6,447,459.38 3,223,729.69 189,665,395.26 189,665,395.26 5.27 5.27.1 2003 2002 2003 2002 123,252,154.72 134,384,306.88 127,202,042.54 117,864,498.28 117,366,868.58 109,460,049.58 32,537,070.76 44,434.80 145,917,528.38 91,231,324.18 37,984,836.00 9,362,203.47 3,507,445.54 7,045,508.09 3,593,967.43 6,134,164.71 390,043,997.22 342,121,188.73 201,317,916.73 133,405,301.26 63

5.27.2 2003 2002 2003 2002 126,001,828.34 128,584,478.34 130,796,009.96 122,609,880.93 79,702,172.33 138,168,250.98 49,474,471.11 66,055,664.24 100,739,812.72 66,686,392.52 30,463,160.16 1,667,373.93 122,677,272.37 73,330,261.07 29,661,364.04 7,720,576.34 429,121,085.76 406,769,382.91 240,395,005.27 198,053,495.44 39,077,088.54 64,648,194.18 39,077,088.54 64,648,194.18 390,043,997.22 342,121,188.73 201,317,916.73 133,405,301.26 5.27.3 93,508,283.14 23.97% 5.27.4 5.28 2003 2002 11,228,799.77 8,475,332.99 1,310,178.47 1,086,996.88 759,707.51 734,217.82 24,551.88 37,999.97 3,137.55 159,404.34 274,672.69 119,553.28 206,004.54 319,655.99 11,522.82 346,017.79 7,324.51 10,685.05 38,259.98 10,395.83 2,312.04 1,873.80 2,316.28 13,981,274.83 11,189,646.95 5.29 64

2003 2002 1,491,951.93 76,493.72 1,427,299.39 76,480.45 2,600,000.00 143,000.00 8,600,000.00 278,640.00 90,683.07 83,830.34 201,295.80 94,626.58 4,182,635.00 303,324.06 10,228,595.19 449,747.03 5.30 2003 2002 19,176,673.64 20,386,114.09 2,280,056.47 153,900.58 2,300.00 16,536.69 16,625.88 158,682.76 108,369.95 17,040,974.05 20,357,120.15 : 5.31 2003 2002 2,618.91-331,397.60 10,092,248.18 27,773,950.86 9,139,870.36-866,111.39-1,082,839.59 26,579,060.78 18,149,278.95 5.31.1-400,000.00-1,155,931.06 1,224,533.46-331,397.60 5.31.2 65

151,501.72 3,399,904.14 24,222,545.00 27,773,950.86 1 88,457,960.00, 64,235,415.00, 24,222,545.00 2 5.32 4,557,015.94 R2001-0067 3% 50,000.00 4,607,015.94 5.33 2003 2002 139,165.54 105,165.98 18,820.35 15,100.00 3,026.00 1,726.57 176,111.89 106,892.55 5.34 2003 2002 195,057.77 141,661.23 324,862.26 130,180.64 46,600.31 20,000.00 17,598.03 9,843.04 551,097.98 334,705.30 66

5.35 299,618,272.21 : 292,259,373.22 2,280,056.47 5,078,842.52 5.36 240,964,683.98 : 170,540,192.77 13,940,087.76 8,986,359.73 7,891,711.05 6,260,019.86 4,768,973.80 3,737,998.31 3,139,200.37 2,292,257.97 2,232,284.82 1,311,693.74 1,309,229.00 3,385,213.09 836,950.03 827,164.50 781,300.59 443,348.00 374,665.23 250,000.00 117,888.54 7,538,144.82 67

6 6.1 6.1.1 2003.12.31 2002.12.31 (%) (%) 1 2,159,733.84 64.53 107,986.69 4,842,999.72 91.26 71,931.84 1-2 27,610.21 0.52 2,208.82 2-3 27,610.21 0.82 4,141.53 3 1,159,466.53 34.65 347,839.96 436,118.13 8.22 130,835.44 3,346,810.58 100 459,968.18 5,306,728.06 100 204,976.10 6.1.2 3,255,195.71 97.26% 6.1.3 1,959,917.48 6.1.4 5% 5% 6.2 6.2.1 2003.12.31 2002.12.31 (%) (%) 1 196,468,105.13 93.01 9,823,405.25 144,235,168.26 81.51 2,347,312.19 1-2 10,566,381.22 5 845,310.50 28,037,296.03 15.84 1,648,231.36 2-3 768,869.90 0.37 115,330.49 2,430,377.98 1.37 188,698.26 3 3,423,392.00 1.62 1,027,017.60 2,257,243.62 1.28 677,173.09 211,226,748.25 100 11,811,063.84 176,960,085.89 100 4,861,414.90 6.2.2 34,820,000.00 1 30,178,921.33 1 21,993,483.00 1 18,296,600.00 1 17,700,000.00 1 1 5%( 5%) 68

2 122,989,004.33 58.23% 6.3 2003.12.31 2002.12.31 1,030,262,731.46-763,214,025.33 - :1,029,911,224.87-762,825,803.50-94,500.00-94,500.00-257,006.59-293,721.83-6.3.1 50000-94,500.00-94,500.00 6.3.2 39,000,000.00 48.75% 36,573,371.30-1,155,931.06-3,582,559.76 35,417,440.24 60,325,000.00 22% 62,073,274.89-62,073,274.89-60,325,000.00 53,592,843.00 11.42% 53,592,843.00-53,592,843.00-53,592,843.00 5,000,000.00 100% 5,000,000.00-5,000,000.00-5,000,000.00 720,000.00 7.20% 720,000.00-720,000.00-720,000.00 2,061,148.84 19% 2,061,148.84 0.00 0.00 2,061,148.84 510,000.00 51% 510,000.00-510,000.00-510,000.00 80,000,000.00 80,000,000.00 0.00 0.00 80,000,000.00 9,500,000.00 95% 9,503,216.26 23.80 3,240.06 9,503,240.06 262,870,000.00 99.81% 148,227,354.73 9,500,000.00 100% 52,036,529.21 22,500,000.00 90% 39,842,297.97 93,742,828.31 85% 134,443,877.99 1,930,305.48 79% 49,895,918.21 14,850,000.00 99% 24,086,933.58 14,850,000.00 99% 17,967,364.16 100100% 68,992,000.00 80% 8,991,650.86 2,750,000.00 55% 5,320,211.67 3,000,000.00 60% 2,828,381.92 600,000.00 60% 105,691.77 1,600,000.00 80% 8,060,218.77 900,000.00 90% 217,938.16 64,078,660.85-50,563,984.42 212,306,015.58-1,768,640.12 40,767,889.09 50,267,889.09 16,961,986.31 34,304,284.28 56,804,284.28 14,956,954.37 55,658,004.05 149,400,832.36 35,084,338.40 83,049,951.13 84,980,256.61 2,884,740.52 12,121,674.10 26,971,674.10-399,942.58 2,717,421.58 17,567,421.58 100.00 100.00 72,026,420.51 12,026,071.37 81,018,071.37 551,007.09 3,121,218.76 5,871,218.76-235,037.86-406,655.94 2,593,344.06-105,691.77-600,000.00 881,342.60 7,341,561.37 8,941,561.37-217,938.16-900,000.00 69

800,000.00 80% 394,762.88 800,000.00 80% 514,195.17 4,500,000.00 90% 866,122.11 69,678,000.00 90% 4,136,457.49 67,455,000.00 90% 29,940.82 800,000.00 80% 800,000.00 90% 1,705,632.85 800,000.00 80% 662,220.23 800,000.00 80% 1,607,315.38 800,000.00 80% 572,911.20 8,000,000.00 80% 514,195.72 800,000.00 80% 0.00 800,000.00 80% 514,734.07 800,000.00 80% 735,245.91 800,000.00 80% 800,000.00 800,000.00 80% 800,000.00 800,000.00 80% 800,000.00 800,000.00 80% 800,000.00 1,600,000.00 80% 1,600,000.00 800,000.00 80% 800,000.00 600,000.00 60% 600,000.00 18,000,000.00 80% 700,000.00 70% 706,580.02 350,000.00 70% 388,487.09 700,000.00 70% 559,351.85 700,000.00 70% 535,270.46 700,000.00 70% 124,156.96 700,000.00 70% 700,000.00 70% 137,017.70-268,219.42-208,317.79-494,122.62 4,878,675.54 1,244,797.65 75,521,017.66 9,979,475.15 64,897,467.27-2,527,591.91 0.00-800,000.00 2,764,442.01 3,670,074.86 19,188.81-118,590.96 2,671,829.80 3,479,145.18 56,466.69-170,622.11 9,507,025.75 2,021,221.47 1,969,472.10 1,169,472.10 3,343,406.19 3,058,140.26 914,985.60 850,231.51-800,000.00-800,000.00-800,000.00-800,000.00 0.00 0.00 2,158,861.47 2,158,861.47-1,040,767.22-1,040,767.22-800,000.00-800,000.00 0.00 0.00 18,000,000.00 0.00 669,243.24 675,823.26-2,469.73 36,017.36-176,716.08-317,364.23-358,498.28-523,227.82 515,513.16-60,329.88 1,002,704.51 302,704.51 598,597.96-101,402.04 531,780.58 305,877.38 5,744,797.65 79,657,475.15 64,927,408.09 4,470,074.86 681,409.04 4,279,145.18 629,377.89 10,021,221.47 1,969,472.10 3,858,140.26 1,650,231.51 800,000.00 2,958,861.47 559,232.78 600,000.00 18,000,000.00 1,375,823.26 386,017.36 382,635.77 176,772.18 639,670.12 1,002,704.51 598,597.96 935,177,125.63 762,825,803.50 6.3.3 267,085,421.37 94,733,999.24 1,029,911,224.87 367,152.29 10 293,721.83 36,715.24 257,006.59 367,152.29 10 293,721.83 36,715.24 257,006.59 6.4 2003 2002 2003 2002 1,733,133.34 3,059,701.80 1,941,508.96 2,802,819.50 70

1,564,312.20 3,671,870.29 1,652,458.47 3,331,345.21 210,000.00 300,000.00 13,936.00 3,507,445.54 7,045,508.09 3,593,967.43 6,134,164.71 6.4.4 3,443,291.47 98.17% 6.5 2003 2002 2,618.91 76,852,993.58 97,386,944.48-570,284.62 9,503,874.81-81,518.12-36,715.23 20,632,968.72 9,000,000.00 96,836,778.47 115,854,104.06 6.5.1-10,393,727.66-1,038,013.69 35,084,338.40-1,768,640.12 551,007.09 2,884,740.52 27,716,004.34 3,834,420.51-235,037.86-105,691.77 458,725.05-1,757,532.73 6,643,017.66 3,343,406.19 56,466.69 881,342.60 71

-217,938.16 1,178,675.54 23.80 19,188.81 1,651,237.90 2,671,829.80 914,985.60 2,307,025.75-208,317.79 137,017.70 1,969,472.10-800,000.00-800,000.00-1,040,767.22 2,158,861.47 669,243.24-2,469.73-176,716.08-101,402.04 302,704.51 65,513.16 76,852,993.58 6.5.2 72 585,646.44-1,155,931.06-570,284.62 6.5.3 20,481,467.00 151,501.72 20,632,968.72

7 7.1 7.1.1 E 1604 70 17 322 20 A2 709 708 7 102 198 2 26 B 806-808 18 403 18 6 200 14 5 1, 302 11, 28,, A403 830, 10, 5 296-298, 26 01-06 150, 73

74 109 17 289 15 88 83-5-1 20 7 15 358 10A 18 1 188 855 22BC 230 22 303 4 20 7 8 506 1 1 103 11E 15 A 18 102 2 175 1 519 522 524 318 B 25 9 10

26 12-B 421 96 11 57 23 486 7.1.2 100,000,000.00 100,000,000.00 188,870,000.00 74,500,000.00 263,370,000.00 10,000,000.00 10,000,000.00 5,000,000.00 20,000,000.00 25,000,000.00 10,000,000.00 10,000,000.00 100,000,000.00 100,000,000.00 1,000,000.00 1,000,000.00 15,000,000.00 15,000,000.00 2,500,000.00 2,500,000.00 1,100,000.00 1,100,000.00 15,000,000.00 15,000,000.00 15,000,000.00 15,000,000.00 100.00( ) 100.00( ) 500,000.00 500,000.00 1,000,000.00 85,240,000.00 86,240,000.00 1,000,000.00 1,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 2,000,000.00 2,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 4,000,000.00 5,000,000.00 1,000,000.00 76,420,000.00 77,420,000.00 75

1,000,000.00 73,950,000.00 74,950,000.00 1,000,000.00 1,000,000.00 500,000.00 500,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 2,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 20,000,000.00 20,000,000.00 1,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 9,000,000.00 10,000,000.00 3,000,000.00 3,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 500,000.00 500,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 250,000.00 750,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,100,000.00 1,100,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,420,000.00 1,420,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 76

1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 7.1.3 102,617,700.00 29.98% 102,617,700.00 27.40% 148,227,354.73 99.74% 212,710,164.89 99.81% 52,536,529.21 100% 50,767,889.09 100% 40,342,297.97 100% 59,304,284.28 100% 10,003,216.26 100% 10,003,240.06 100% 134,443,877.90 93% 174,365,464.87 93% 996,519.10 50% 696,267.86 50% 12,198,307.11 66.67% 10,544,576.57 66.67% 49,895,918.21 79% 106,972,549.25 79% 1,102,223.52 100% 24,236,933.58 100% 27,121,674.10 100% 18,117,364.16 100% 17,717,421.58 100% 500,000.00 100% 100.00( ) 100% 100.00 ( ) 100% 11,239,563.57 100% 101,272,589.21 100% 5,320,211.67 55% 10,674,943.21 55% 2,828,381.92 60% 4,322,240.10 60% 105,691.77 60% -226,787.78 60% 10,075,273.46 100% 11,176,951.71 100% 242,153.51 100% -290,661.56 100% 493,453.60 100% 664,725.72 100% 643,417.59 100% 4,822,675.33 100% 514,195.17 80% 382,346.72 80% 1,082,652.64 100% 6,392,292.13 100% 5,170,571.86 100% 88,971,702.59 100% 37,426.02 100% 72,034,611.87 100% 2,009,144.22 100% 5,348,931.47 100% 1,705,632.85 80% 4,966,749.84 90% 716,139.00 100% 786,722.36 100% 799,074.07 100% -469,693.38 100% 827,775.29 100% 851,761.30 100% 77

67,888.55 100% 2,461,840.13 100% 1,000,000.00 100% 3,698,576.84 100% 2,000,000.00 100% 699,040.97 100% 1,000,000.00 100% -317,142.07 100% 1,000,000.00 60% 1,000,000.00 60% 559,351.85 70% 546,622.53 70% 919,057.39 100% 2,062,789.39 100% 1,000,000.00 100% -1,306.52 100% 1,000,000.00 100% 1,000,000.00 100% 642,744.65 100% 12,526,526.84 100% 3,000,000.00 100% 4,736,934.81 100% 1,000,000.00 100% 1,000,000.00 100% 20,000,000.00 100% 1,000,000.00 100% 1,595,329.76 100% 1,000,000.00 100% 1,000,000.00 100% 388,487.09 70% 551,453.38 70% 993,014.06 100% 1,266,448.55 100% 706,580.02 100% 1,965,461.80 100% 124,156.96 70% 913,814.46 70% 10,446,957.94 100% 10,699,848.94 100% 710,953.54 70% 2,296,332.39 70% 855,139.94 70% 2,020,994.76 70% 1,626,360.82 70% 969,348.43 100% 903,065.51 70% 1,709,521.83 80% 1,134,204.54 70.42% 1,432,435.01 70% 1,225,741.00 70% 2,007,943.00 100% 735,252.77 70% 7.2 78

7.3 80% -559,927.09 7.4 7.4.1 2003.12.31 2002.12.31 1,172,389.60 519,670.71 7.4.2 2003.12.31 2002.12.31 91,522.44 2,657,610.40 170,632.00 8 2004 4 9 NHN, 50% 9 1 2 3 79